USD/JPY Live News

This page provides live coverage and news analysis on the USD/JPY currency pair

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USD/JPY

Apr. 16, 2021

After four days of going down, Dollar/Yen is flat today, hovering around 108.8

(23:12) GMT

The USD/JPY price varies between 108.61 and 108.97 and settles at 108.8. (Start trading Dollar/Yen at FXTM today).

This limbo state for Dollar/Yen is reflected by market data published as data for United States Building Permits released today at 12:30 PM comes out at 1.77 million, beating projections of 1.75 million and showing improvement over the preceding figure of 1.72 million. United States Core Retail Sales beat expectations of five with the new data release of 8.4. This is also a step forward from the previous data of -2.5. Data for United States Retail Sales released yesterday at 12:30 PM came out at 9.8, beating projections of 5.9 and showing improvement over the preceding figure of -2.7.

As the day reaches an end, a chart visual study suggests the Yen's resistance level is at 110.73. In terms of trend indicators, we can see that the CCI indicator is below -100. When the CCI (Commodity Channel Index) is at this level, it means the price is below the average price as measured by the indicator, indicating a possible start of a new downtrend. Asset volatility analysis shows that the lower Bollinger band is at 108.54, indicating a positive move might be next.

Overall, technical indicators suggest the Dollar/Yen has no obvious direction for the immediate future.

Other markets showed mixed performances as an all-time high for the Dow Jones as it climbed to 34,257. The S&P reaches a new record high at 4,187.

Dollar/Yen social media highlights:

ALLIANCES: Japanese Prime Minster Yoshihide Suga calls America "Japan's best friend" and comments on the "severe security environment" in the Asia-Pacific region which he hopes a strengthened US-Japanese alliance can mitigate pic.twitter.com/N3tbwh7MRz
— Forbes (@Forbes) April 16, 2021

trade on the USD/JPY

Week to date

At 108.58 Dollar/Yen down to its lowest value in 5 weeks .

USD/JPY remains in the 108.8 range after starting the week at 109.76 and dropping 95 pips. (Trade Yen with FXTM now).

On the flip side, positive data for Yen released earlier when data for United States Building Permits released today at 12:30 PM came out at 1.77 million, beating projections of 1.75 million and showing improvement over the preceding figure of 1.72 million. United States Retail Sales came out at 9.8, above the estimate of 5.9. This is also a step forward from the previous data of -2.7.

In the meantime, negative performances are also seen in other symbols, GBP/NZD made its largest weekly gain of 285 pips (0.75%) since December 2020. GBP/CAD fell to 1.697, hitting a 4 month low.

However, positive performance can be seen looking at other symbols, as new year year high for Euro/Yen at 130.63. The New-Zealand Dollar made its largest weekly gain of 105 pips(0.34%) since November 2020. EUR/NZD hit 1.6984, highest rate in 2 months.

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